A recent study reported that the stock price appreciation of technology companies in the lowest third of R&D spending have consistently outperformed companies in the highest third over 1-, 3-, 5-, and 10-year periods since 1977.

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The study reported that the stock price appreciation of technology companies in the lowest third of R&D spending have consistently outperformed companies in the highest third.

A Recent Study Reported That the Stock Price Appreciation of Technology